Salt Lake Herald-Republican | 1915-06-27 | Page 7 | Grand County Solon to Open State Bank

I GRAND COUNTY SOLON TU TO OPEN STATE BANK Representative F. F B B. B Hammond Turns From Range to Become Become Become Be Be- come Banker at Moab F. F B. B Hammond member of or the thc I lower Iwer lowerhouse house of ot the Legislature from Grand county count is In Salt Lake in connection with the open opening opening n of or tho the State Bank of or Moab of or which ho Is president and which was wag recently or organized b by Grand count county capital he He lie submitted the thc ar articles articles ar- ar tides of oC incorporation to H. H J A. A Glazier state banking commissioner yesterday and it Is expected they will sili be approved approved ap ap- ap- ap proved the first of at the thc week The bank has a capital of O. O OO and Mr Hammond Hammond Hammond Ham Ham- mond plans to open the institution Saturday Mr Ir Hammond said he presented to tho the state te banking commissioner certificates certificates cates entes of or the liabilities and assets of or orthe the stockholders of or the thc new bank bonk and that everything Is read ready for Issuing the certificate permitting the State Bank Dank of or Moab to do business Mr Ir Hammond Ham Ham- mond has hag sold old his cattle and arid sheep sheep in jin- jin interests in- in In iii Grand and San Juan counties counties counties coun coun- ties and aleo also In Colorado and will de deoto devote devote de- de vote oto big hie entire time to the mana management management manage manage- ement e- e ment of the bank Mr Ir Hammond ammond also is 15 negotiating for tor th the purchase of oC a flour lour mill and lud an electric light plant at Moab oab HI Ills His son ISOn F F. B B. B Hammond Jr has lias also sold lold his cattle and sheep heep In Int Interests In- In t crests antI and will go oto to Chicago in the thc fall f to study u law The cattle business has been better during the 13 past six months than at all any ati anytime time limp during three years cars according to Mr Ir J Hammond lammond All An tho the wool of Grand county count hn has been sold he said The last consignment was brou brought ht to the railroad railroad railroad rail rail- road Friday when eighteen cars of ot otwool wool were sere purchased b by- by L. L H R. R Anderson of Mantl for or eastern bu buyers Tho The price paid was a about aboul 26 6 cents The wool is at tt Thompsons Thompson's Springs s being loaded on cars care for tor Chicago o. o